Petrofac Wins Shah Deniz 2 Project Work

UK oilfield services firm Petrofac reported Tuesday that it has secured a contract to supply the BP-operated Shah Deniz 2 project with maintenance build capabilities.

The contract, valued at around $8.5 million, covers new onshore, offshore and pipeline assets in the Azerbaijan sector of the Caspian Sea for what is one of the largest gas developments in the world.

Petrofac's asset performance management business Plant Asset Management will be responsible for the delivery of the work, which is due for completion in 2018. The project will see Shah Deniz 2 add a further 565 billion cubic feet per annum of gas production to the current 318 billion cubic feet produced by Shah Deniz Stage 1 through the opening of a new Southern Gas Corridor to Europe.

Plant Asset management VP Steve Johnson commented in a company statement:

"We are thrilled to be supporting BP with one of their most ambitious projects and for the further opportunity to highlight the skills of our high-caliber consultants, engineers, developers and analysts."


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